DAX Buy SignalPattern: Lower Highs bullish break-out.
Signal: Buy as the RSI broke above its 3 month Lower Highs trend-line and the MACD is on a Bullish Cross much below the mean.
Target: 13850 (within the ATH and 1.236 Fib extension line).
Most recent DAX signal:
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Xetra
Good spot for buying Fraport AGI expecting on the next week a bounce at "gap close" by 34.84€ and this is in our monthly buy range . Maybe we hold this and made a new lower high. RSI level on monthly is clearly oversold like 2009.
Monthly-Chart:
My buy orders are between 34.84€ and 34.46€(turquoise lines).
Take profit target is between 37.40€ and 38.68€ (+8%-10%).
Stop loss: 33.44€ (-3.50%)
Longterm target: 47.54€ (+37.14%)
REMOVE YOUR BIAS!
Trade simple, made money and be happy!
Thanks,
Disziplinierter_Trader
DAX: Channel Up with the 4H MA50 supporting.DAX has been trading within a wide Rising Wedge but since the July 31st low, the index has entered into a smaller Channel Up on the 4H chart (RSI = 53.592, MACD = 30.100, ADX = 25.048). As long as the 4H MA50 supports, the pattern resembles the July Channel Up that topped on the 13,300 High.
We are expecting a typucal +4.70% leg towards 13,300 - 13,400 which is our Target Zone.
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sellstop on low boys AC(accelerator indicator) in 240min and AC30 min is very very important on dax
dont judge soon ,1mounth try it
Did The Stock Market Correction Vanish or Is It About To Happen?Did The Turkish Stock Market Correction Vanish or Is It About To Happen?
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
DAX: Sell target reached. Now strong buy opportunity (long term)Following our previous Sell Signal on DAX (Descending Triangle) which you can see here:
We turn to a much longer time frame, the Channel Up since the December 2018 bottom. Among fear of the coronavirus outbreak, the index has crossed below the 1D MA200 (RSI = 32.658, MACD = -1.310, ADX = 34.677, Highs/Lows = -1.6279) and is now testing the Higher Low trend line.
This trend line has held twice before (December 27th, 2018 and August 15th 2019) providing excellent long term buy opportunities. We believe such an opportunity exists now as well as the 1D RSI is also near its 27.000 Support, which has been holding since October 24th 2018. See also how the 1D RSI is in phases and currently repeating the bottom sequence. The RSI tops before the actual price does.
In conclusion this is a solid long term buy opportunity and our Target Zone is 13,800 - 14,000.
See how accurate DAX long term levels are. We have found fractal analysis very useful in identifying long term trends and their buy/ sell entries. We predicted the 13,800 High back in April 2019 when DAX was still trading at 11,600:
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DAX: Ascending Triangle on an RSI bearish div. Sell opportunity.DAX is trading inside a 1D Ascending Triangle (RSI = 57.402, MACD = 123.300, ADX = 27.184, Highs/Lows = 79.6214) and currently is testing the Higher High trend line. With the RSI though on a bearish divergence since practically the start of the pattern, we are expecting a pull back soon. Notice how the RSI is also on the High of its Channel Down (bearish divergence) pattern, which has delivered a drop in the previous two times.
The 1D MA50 is acting as the pivot at the moment and should be the first Target for short term traders. If we see a 1D candle close below the MA50, then traders may extend shorting (but with the SL lowered down to a profit level) towards the 12,880 Support.
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DAX: Strong correction. Two support levels.DAX is on a strong correction (short term for the time being) with the 4H Channel Down (RSI = 38.828, MACD = -65.800, Highs/Lows = -254.2571) approaching the 12,945 - 12,885 1D Support Zone. On the short term our 13,100 Target on the previous sell call has been hit:
Right now we are focusing on where the Support levels are on this strong correction, and where is most optimal to buy. As long as the short term 12,945 - 12,885 Support Zone holds, we can expect a bounce any time now as the -5.00% correction is completed which is the norm on a medium term basis (happened in October 1st, 2019).
If 12,885 breaks though, then the correction will follow the longer term norm of -10.50% (happened in late July, 2019). As a result in that case we will wait for contact with the 1D MA200 (orange line) and buy for the long term. The Target will be at least 13,640.
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DAX: Sell opportunity within the Channel Up.DAX is trading within a 1D Channel Up since early November. At the moment the price is next to the Higher High trend line, which is technically an optimal sell entry assuming the pattern holds. With the RSI also at the top of its 2 month consolidation channel, we treat this as a strong medium term sell opportunity. Our Target Zone is 13,165 - 13,100.
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DAX: Potential for 12,500 if the Channel Up breaks.DAX has been trading within a 1D Channel Up (RSI = 49.754, MACD = 14.200, ADX = 21.600, Highs/Lows = 0.0000) since the August 15th, 2019 bottom. This Channel Up is however very close to breaking to the downside, having also already crossed the 1D MA50 (blue line).
Last time a 1D Channel Up crossed the MA50 and broke to the downside was in late May 2019 when the price broke downwards after posting Lower Highs and didn't find Support until the 1D MA200 (orange line). If you look also on the RSI action of the two sequences will you see how similar they are.
As a result if DAX breaks and closes below the current Channel Up, we are expecting a test of the MA200 around 12,500.
*Note that this bearish divergence has been noticeable since early/ mid December after that Megaphone on the 4H chart was spotted. So far it has been trading as expected:
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DAX: Pull back to the MA50 and then 13,600.DAX has broken above the 2019 1M Channel Up (RSI = 60.402, MACD = 306.500, Highs/Lows = 928.2857, ADX = 16.738) last week. The 1D RSI has made a peak at 78.000 which is the point where last May (3rd) it made a Higher High and pulled back aggressively.
The January - May sequence has many similarities with the August - today sequence as illustrated on the chart. The most notable of which is the fact that after DAX broke above the 1D MA50 (blue line) it always acted as a Support (bounce long entry). We are expecting a similar price action and after a pull back to the 1D MA50 believe that DAX will resume the uptrend towards the 13,600 All Time High (ATH).
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DAX: One last bullish leg towards 13,000.DAX has been very bullish throughout October rising from the near 11,800 low to a 12,800 high today which is in fact a peak for 2019. This is all within the Channel Up pattern on 1W (RSI = 59.041, MACD = 182.700, Highs/Lows = 304.9427) that has been in effect since February.
As you see the two dominant bullish legs are very similar, the one from February to May and August to today: Phase 1 (circle) is a volatile Higher Low, then phase 2 (blue rotated rectangle) the first major pull back and lastly phase 3 (green rectangle) the last minor pull back before the Higher High.
Assuming that the rise on the current bullish leg will be symmetrical (+14.60%) then we have calculated the final Target Zone within 12,950 - 13,080. Long term traders though may wait for a safer larger pull back around 12,100 before buying, again as it happened in May.
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DAX Critical pivot point approaching. How to trade each scenarioDAX, as most global leading stock markets, has suffered a big set-back this week in anticipation of today's key macroeconomic data. The 1D MA50 was crossed (blue line) and the index is now close to testing the 1D MA200 (orange).
If the price bounces there then 1D (which entered into bearish territory with RSI = 38.234, MACD = 3.700, Highs/Lows = -272.3214) may reverse towards the 12,500 Resistance, in a similar way as it did on June 3rd when again it hit the same RSI level (see chart).
If however it breaks, then DAX can reach again the 11,300 1W Support level, in which case it will become a strong buy option as the Demand Zone there has been strong. Plus it will be a 1W Triple Bottom which normally makes a Higher High. The only negative parameter on this sequence is the possibility of the wider 1W pattern turning into a Head and Shoulders eventually which after a dead cat bounce back to the 1D MA200 can lead to a Lower Low under the 11,300 1W Support. News on E.U. and U.S. data (as well as key Chinese import reports and the EURUSD) have to be followed closely on that matter.
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DAX: Cautious long opportunity within the 1D Channel Up.DAX has been trading within a very strong 1D Channel Up (RSI = 59.495, MACD = 84.870) since the August 15th bottom, which is currently on its Higher Low (Highs/Lows = 0.0000). This is a technical buy entry even though this time there are more barriers to overcome such as the 4H MA50 which has rejected today the uptrend (light blue trend line). The Target Zone on this sequence is 12,600 - 12,650, essentially the 1W Resistance.
Other than that, DAX has printed the unique Golden Cross formation (4H), and last time it did was in January. After a minor pull back, the index aggressively grew by +8.95% on the next Higher High and +14.80% on the last Higher High before the MA200 broke (it has been supporting through out this whole bullish move). You can see that sequence below:
Currently DAX has also made a 4H Golden Cross, delivered the pull back, the MA200 is supporting and is waiting for the next response (Higher High like we said). If it replicates the same pattern then we are looking at possible targets such as 13,220 and 13,925 (as seen on the chart below), which are of course now appear to be far fetched.
That is why at the moment we only concentrate on reaching the 12,600 - 12,650 Target Zone.
See also below how accurate DAX's symmetrical reach has been since the August bottom:
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DAX: Inverse Head & Shoulders into Channel Up long opportunity.DAX is trading inside a Channel Up pattern on 4H (RSI = 57.000, MACD = 49.100, Highs/Lows = 0.0000) which is an extension of the 1D Inverse Head and Shoulders (RSI = 53.511) formation that bottomed at 11,270 in mid August.
The 11,990 Higher High is symmetrical on the Inv. H&S as was 11,850 before that. This indicates strong bias towards making another symmetrical reach near 12,250 on the next Higher High. The 4H MA50 has to provide support during this run. We are long, TP = 12,200.
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DAX: More sell potential on 1D.The index is pulling back making use of the negative global trade fundamentals, but purely on a technical perspective this selling is a natural retrace of the 1W Channel Up (RSI = 56.647, MACD = 122.700, Highs/Lows = 191.3357) towards a new Higher Low. We have calculated this to be at 11,865 on a Support level that extends as back as September 2018.
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